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- ukutrader replied Aug 2, 2007
This thread should be removed. People are just waiting for someone's trading call. So stupid. Why can't they make their own decisions about their own money.
- ukutrader replied Aug 1, 2007
Carry trade will continue unless the wide interest rate gap exists, but gradually decrease. I feel that Yen will be stronger against its crosses for the next coming months and years, maybe. Japanese land prices are climbing at fastest pace in 15 ...
- ukutrader replied Jul 31, 2007
A US financial institution issued a BUY recommendation on EUR/JPN.
- ukutrader replied Jul 29, 2007
If you are a position trader looking for a big wave, it's safer to stay on the sidelines at this moment. But I would go long for JPY crosses for now, though i doesn't mean that I recommend everyone going long at this very moment. My trading style is ...
- ukutrader replied Jul 29, 2007
I won't go short for now. The pair is probably heading north at some point in the Japan session because of the result of the Japan Upper House election. The Japanese investors will buy on the dips for sure at this level. However, I don't believe ...
- ukutrader replied Jul 28, 2007
I disagree. That trend break can go against you in this pair so easily. Trading ranging markets in shorter timeframes can make you money if things are done correctly. You can reach 200 pips in a short period of time. It is easier to predict the next ...
- ukutrader replied Jul 28, 2007
Japanese traders' logic *generally* is based on the presumption that if the Democratic party won the election, the incumbent ruling party is going to be wrecked in a way or another, which will lead them to think that JPY will be also accordingly ...
- ukutrader replied Jul 28, 2007
Easy for you, but well, I suspect there are bunch of people out there on the other side who got kicked out of the market for the week. I'm referring to some position/carry traders holding onto their long positions expecting them to come back up. ...
- ukutrader replied Jul 28, 2007
Those who got severely burned by the recent downfall of the currency market must be position traders, which tells you that position trading can be more risky and tend to make bigger losses. Position traders generally hold onto a position for a long ...
- ukutrader replied Jul 24, 2007
You are repeatedly claiming that the pair is dropping to 245 here. But what is this claim based on? Are you just praying for it to save your old short positions? Sorry if I'm sounding a bit blatant, but no one knows how many hours/days/weeks it will ...
- ukutrader replied Jul 22, 2007
Entered long at 249.02 on the dip, and closed it at 249.78 in this early Tokyo morning session. Earning this 76 pips profit by spotting D bottoms and expecting short covering to occur was not a tough trade, was it? It looks like most of people in ...
- ukutrader replied Jul 22, 2007
Look at the chart Dr.ich posted. It went down to 248.55 and then rebounded just below the S3 (249.38) once. Then, it tried to break the support line 248.55 but failed to do so. This is the D bottoms I was referring to. Now it bounced back and broke ...
- ukutrader replied Jul 21, 2007
After I confirmed two bottoms formed in 30M chart on Friday, I decided to go long at 249.02. Let's see how far it can go up in the Japan session Monday. So I'm bullish on this pair for the near term, but I'll be also cautious about its sudden ...
- ukutrader replied Jul 18, 2007
Ichimoku-kinko-hyo was invented by a Japanese trader in 1930's. I don't know why people on FF don't talk about this much, but big guys such as banks and hedge funds use Ichimoku. Once you get to used to reading the Tenkan-sen, Kijyun-sen, Kumo, etc, ...
- ukutrader replied Jul 14, 2007
I like trading JPY crosses around the Tokyo fix for scalping (10-20 pips).
- ukutrader replied Jul 13, 2007
Thanks for the info. I entered long at 167.92 and closed it at 168.74. Now I'm expecting Eur/Jpy to retreat to 168.30-50 during the Asian/London session. It now appears losing its momentum a bit, but most people must be looking to buy on dips for ...
- ukutrader replied Jul 12, 2007
How do you guys trade a currency pair that has already hit all time high like Eur/Jpy? I entered long at 167.92 today. It's like entering unknown zone without a map.
- ukutrader replied Jul 3, 2007
Moody's puts Japan A2 rating on review for upgrade — This must be the cause of the dip a while ago. url
- ukutrader replied Jul 3, 2007
Wow, GBP/JPY feels like riding a roller coaster today.
- ukutrader replied Jul 1, 2007
UK's terror level has been raised to the highest — The UK's terror level has been raised to the highest level because of what happened in London this weekend, and people are concerned that this could lead to potential terrorist attacks. This ...